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20121214
20121214
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. >> thank you very much. miss moore recognized for five minutes. >> thank you so much, mr. chairman. i just want to pursue the line of questioning mr. neugebauer venter into because it seems to me that you are suggesting that futures are transparent, they're well-regulated and we all know that swaps were not. and now that this new swaps future market is developing, i'm wondering if you are concerned about the regulatory arbitrage of the, only about 50% of margin being required? they're being treated as equivalence, don't you think, don't you think, margin may be just one of the regulatory gaps that exist. wondering what your thoughts are on that? >> one of the innovations in the market in the last few months has been this product, future on a swap. so it's a future, that trades on a futures exchange and it's cleared and its's transparent. but yes, we're taking a look at it to better understand it. it's a new product. if i can call you chairman as well. the chairman said, we're, the market should innovate that we're not deciding future swaps or futures on swaps but we're certainly taking a l
Search Results 0 to 0 of about 1